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western copper and gold corporation (TSX: WRN) (NYSE: WRN) (the ‘Company’) is pleased to announce it has entered into an agreement with Stifel Canada, on its own behalf and on behalf of a syndicate of underwriters (the ‘Underwriters’), pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 12,048,400 common shares of the Company (the ‘Common Shares’) at a price of C$4.15 per Common Share (the ‘Offering Price’) for gross proceeds to the Company of approximately C$50,000,860 (the ‘Offering’).

The Company has granted the Underwriters an option, exercisable, in whole or in part, at any time until and including 30 days following the closing of the Offering, to purchase up to an additional 1,807,260 Common Shares of the Offering. If this option is exercised in full, an additional C$7,500,129 in gross proceeds will be raised pursuant to the Offering and the aggregate gross proceeds of the Offering will be approximately C$57,500,989.

The Company plans to use the net proceeds from the Offering to advance permitting and engineering activity at the Company’s Casino Project in the Yukon, and for general corporate and working capital purposes.

The Offering will be made by way of a short form prospectus (together with any amendments thereto, the ‘Prospectus‘) filed in all of the provinces of Canada, except Québec, and in the United States pursuant to a prospectus filed as part of a registration statement on Form F-10 (together with any amendments thereto, the ‘Registration Statement‘) under the Canada/U.S. multi-jurisdictional disclosure system. The Prospectus and the Registration Statement are subject to completion and amendment. Such documents contain important information about the Offering. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Common Shares in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.

The Registration Statement relating to the Common Shares has been filed with the United States Securities and Exchange Commission but has not yet become effective. The Common Shares to be sold pursuant to the Offering described in this news release may not be sold nor may offers to buy be accepted prior to the time the Registration Statement becomes effective. Before readers invest, they should read the Prospectus in the Registration Statement and other documents the Company has filed with Canadian regulatory authorities and the United States Securities and Exchange Commission for more complete information about the Company and the Offering. The Prospectus is available on SEDAR+ at www.sedarplus.ca. The Registration Statement is available on EDGAR at www.sec.gov. Alternatively, the Prospectus and the Registration Statement may be obtained, for free upon request, from Stifel Canada at 161 Bay Street, Suite 3800, Toronto, Ontario, Canada M5J 2S1 or by email at syndprospectus@stifel.com.

The Offering is scheduled to close on or about February 26, 2026, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the Toronto Stock Exchange and the NYSE American and the applicable securities regulatory authorities.

About western copper and gold corporation

western copper and gold corporation is advancing the Casino Project, Canada’s premier copper-gold mine in the Yukon and one of the most economic greenfield copper-gold mining projects in the world. The Company is committed to working collaboratively with First Nations and local communities to progress the Casino Project, using internationally recognized responsible mining technologies and practices.

On behalf of the board,

‘Sandeep Singh’

Sandeep Singh
Chief Executive Officer
western copper and gold corporation

For more information, please contact:

Cameron Magee
Director, Investor Relations & Corporate Development
western copper and gold corporation
437-219-5576 or cmagee@westerncopperandgold.com

Cautionary Note Regarding Forward-Looking Statements

This news release contains certain forward-looking statements concerning the timing and completion of the Offering, the gross proceeds of the Offering and the use of proceeds from the Offering, the over-allotment option to be granted to the Underwriters, the necessary regulatory approvals required for the Offering being received and the expected closing date of the Offering. Statements that are not historical fact are ‘forward-looking statements’ as that term is defined in the United States Private Securities Litigation Reform Act of 1995 and other U.S. securities law and ‘forward-looking information’ as that term is defined in National Instrument 51-102 (‘NI 51-102’) of the Canadian Securities Administrators (collectively, ‘forward-looking statements’). 

Forward-looking statements are frequently, but not always, identified by words such as ‘expects’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘potential’, ‘possible’ and similar expressions, or statements that events, conditions or results ‘will’, ‘may’, ‘could’ or ‘should’ occur or be achieved. The material factors or assumptions used to develop forward-looking statements include, but are not limited to, the assumptions that all regulatory approvals of the Offering will be obtained in a timely manner; all conditions precedent to completion of the Offering will be satisfied in a timely manner; and that market or business conditions will not change in a materially adverse manner. Forward-looking statements are statements about the future and are inherently uncertain, and actual results, performance or achievements of the Company and its subsidiaries may differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements due to a variety of risks, uncertainties and other factors. Such risks and other factors include, among others, risks involved in fluctuations in gold, copper and other commodity prices and currency exchange rates; uncertainties related to raising sufficient capital in a timely manner and on acceptable terms; and other risks and uncertainties disclosed in the Company’s AIF and Form 40-F, including those under the heading ‘Risk Factors’ and other information released by the Company and filed with the applicable regulatory agencies. 

The Company’s forward-looking statements are based on the beliefs, expectations and opinions of management on the date the statements are made, and  the Company does not assume, and expressly disclaims, any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.

Cision View original content:https://www.prnewswire.com/news-releases/western-copper-and-gold-announces-c50-million-bought-deal-financing-302685689.html

SOURCE western copper and gold corporation

Cision View original content: http://www.newswire.ca/en/releases/archive/February2026/11/c0278.html

News Provided by Canada Newswire via QuoteMedia

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Investor Insight

Valeura Energy offers investors exposure to a debt-free, cash-generating Southeast Asia oil producer with growing reserves, visible production growth and multiple near- and medium-term catalysts to unlock value.

Overview

Valeura Energy (TSX:VLE,OTCQX:VLERF) is an oil and gas company focused on the development and operation of shallow-water offshore assets in the Gulf of Thailand. The company is listed on the Toronto Stock Exchange and is headquartered in Singapore, reflecting its strategic focus on the Asia-Pacific region. Valeura currently operates four producing oil fields – Nong Yao, Jasmine, Wassana and Manora – and has established itself as a low-cost, reliable operator in a mature basin with extensive existing infrastructure.

Valeura Energy

Valeura’s strategy is centred on generating strong free cash flow from its existing production base while extending asset life through continuous drilling, facility upgrades and near-field exploration. This organic growth is complemented by a disciplined acquisition strategy, positioning Valeura as a potential consolidator in a region where competition for assets is limited. The company is led by an internationally experienced management team with deep operational and transactional expertise in Asia, supported by award-winning safety, environmental and operational performance.

Company Highlights

  • Second-largest oil producer in Thailand, operating four shallow-water offshore fields in the Gulf of Thailand
  • Strong financial position, with US$306 million in cash and no debt as of December 31, 2025
  • Growing reserves and extended field lives, with 57.6 mmbbl of 2P reserves and a multi-year history of approximately 200 percent reserves replacement per year
  • Highly cash-generative business, generating US$158 million in free cash flow over the last twelve months to September 30, 2025
  • Growth-oriented strategy, combining disciplined organic investment with accretive M&A opportunities in the Asia-Pacific region

Key Projects

Core Thailand Producing Portfolio (Operated)

Oil and gas field map of the Gulf of Thailand, highlighting Valeura Energy

Valeura’s primary focus is its operated portfolio of shallow-water offshore oil fields in the Gulf of Thailand, which form the foundation of its cash flow, reserves growth and near-term value creation. The company currently operates four producing fields – Nong Yao, Jasmine, Wassana and Manora – all located in a mature basin with extensive infrastructure and a long history of reserve replacement through continued development.

Nong Yao (90 percent working interest) is Valeura’s largest and most profitable asset, and the company’s top operational priority. Following an expansion in 2024 which saw the installation of a third production facility and successful drilling thereafter, Nong Yao has become Valeura’s largest producing field, delivering approximately 10.6 mbbls/d in Q3 2025. Ongoing appraisal, seismic interpretation and infrastructure-led exploration support further production and reserves upside.

Jasmine (100 percent working interest) and Manora (70 percent working interest) are mid-life fields that continue to exceed expectations through targeted drilling and operational optimisation. Jasmine has produced many times its originally-forecast ultimate recovery and has seen its economic life extended repeatedly. Manora, while smaller, has similar characteristics – continual extensions of economic life through drilling success and optimisation projects. Together, these assets provide stable production and strong operating margins.

Wassana (100 percent working interest) represents a cornerstone growth project within the Thailand portfolio. Valeura is executing a major field redevelopment that includes a new central processing platform designed to increase production from approximately 3 mbbls/d to around 10 mbbls/d. First oil from the new facility is expected in Q2 2027, with the redevelopment extending field life into the 2040s and creating a hub for future satellite developments.

Valeura Energy team posing on a ship deck with the ocean in the background.

Gulf of Thailand Growth Platform (Non-operated)

Beyond its existing producing fields, Valeura is expanding its footprint in Thailand through a strategic farm-in with PTT Exploration and Production, Thailand’s national oil company. The transaction significantly increases Valeura’s acreage position in the Gulf of Thailand and introduces exposure to both oil and gas opportunities adjacent to existing infrastructure.

The blocks (G1/65 and G3/65) contain multiple existing discoveries and are already the subject of near-term development planning, with the potential to progress initial development projects toward final investment decisions in 2026. While the farm-in transaction remains subject to government approval, management views its nascent partnership with PTTEP as a key medium-term growth catalyst that complements Valeura’s operated production base.

Türkiye Deep Gas Asset (Non-operated, Legacy Upside)

Valeura also retains an interest in a deep, tight-gas play in Türkiye, which represents a longer-dated upside opportunity. The asset has been farmed out to an experienced regional operator, limiting Valeura’s capital exposure while preserving upside through appraisal and testing activity. Management has positioned Türkiye as a “free option” for shareholders, providing potential upside without detracting from the company’s operational and strategic focus on the Asia-Pacific region.

Management Team

Sean Guest – President & Chief Executive Officer

Sean Guest brings 30+ years of international oil and gas experience, including senior operational and leadership roles with Shell, Woodside and Schlumberger. Prior to joining Valeura, he served as CEO of two private juniors, leading production and exploration teams across Asia and Africa.

Yacine Ben-Meriem – Chief Financial Officer

Yacine Ben-Meriem is a seasoned finance professional with 15+ years in oil and gas investment banking and finance, particularly in Southeast Asia. Before joining Valeura, he co-founded Panthera Resources, a key partner in Valeura’s Gulf of Thailand acquisitions. He has held senior roles at ABN AMRO and Standard Chartered in Singapore.

Grzegorz (Greg) Kulawski – Chief Operating Officer

Grzegorz Kulawski brings 25+ years of upstream experience through leadership roles at Shell, including deputy CEO of Sakhalin Energy, head of global safety, and senior leadership roles overseeing other major producing operations. His background spans brownfield operations and greenfield developments, with expertise in complex project execution and team integration across regions.

Kelvin Tang – Executive Vice-president, Corporate, General Counsel & Corporate Secretary

Kelvin Tang has over 18 years of experience in international oil and gas, with experience as head of business development at Hibiscus Petroleum and as CEO and COO of KrisEnergy, a Singapore-listed predecessor to Valeura’s initial Thailand interests. His background combines legal, commercial and strategic leadership.

Ian Warrilow – Thailand Country Manager

Ian Warrilow has 30+ years of operational and commercial experience in oil and gas across Australia, Europe and Southeast Asia. Before joining Valeura, he served as COO of Energy Development Oman and held senior roles with Mubadala Petroleum, including leadership positions in Indonesia and Thailand. His technical and regional expertise supports Valeura’s on-the-ground operations.

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Franklin Templeton, a global investment management firm, and leading cryptocurrency exchange Binance announced a new institutional off-exchange collateral program on Wednesday (February 11).

A new partnership between the two will enable eligible institutional clients to use tokenized shares of Franklin Templeton’s money market funds as collateral when trading on Binance, with custody support from Ceffu, Binance’s institutional crypto-native custody partner.

Under the terms of the partnership, Binance will expand its offerings by allowing tokenized money market fund shares issued through Franklin Templeton’s Benji Technology Platform to meet the growing institutional demand for stable, yield-bearing collateral that can settle 24/7.

The program enables institutional traders to use these traditional, regulated yield-bearing assets in digital markets without having to park the assets directly on the exchange.

While the value of the tokenized fund shares is mirrored within Binance’s trading environment, the actual assets remain securely held off-exchange in Ceffu’s regulated custody.

The program is designed to make digital markets more secure and capital-efficient for institutions by reducing counterparty risk and allowing participants to safely earn yield while using their assets to support trading activity on Binance.

“Our off-exchange collateral program is just that: letting clients easily put their assets to work in regulated custody while safely earning yield in new ways. That’s the future Benji was designed for, and working with partners like Binance allows us to deliver it at scale.”

“Partnering with Franklin Templeton to offer tokenized real-world assets for off-exchange collateral settlement is a natural next step in our mission to bring digital assets and traditional finance closer together,” said Catherine Chen, Head of VIP & Institutional at Binance. “Innovating ways to use traditional financial instruments on-chain opens up new opportunities for investors and shows just how blockchain technology can make markets more efficient.”

Key benefits of off-exchange collateral

When collateral stays on an exchange, traders are exposed to risks like hacking, insolvency or fraud. With off‑exchange collateral, the assets sit with a regulated custodian, keeping the trader in control and protected, even if the trading venue runs into trouble.

Many institutions are required by regulators or internal policies to limit how much collateral they can leave on any single exchange. Off‑exchange programs let them trade with the same amount of capital while keeping most of the collateral off the exchange, so they stay within those limits.

On many platforms, collateral remains idle and generates no returns while securing trades. In contrast, off-exchange collateral can often be invested in short-term, low-risk instruments, such as government bonds or tokenized money-market funds. This allows the collateral to continue generating returns while still securing the positions.

Institutions also value being able to manage and move collateral themselves, rather than having it locked into a single exchange’s system. Off‑exchange structures let them keep custody and operational control, and in some cases help hide large trades from public order books, protecting their strategies.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

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Mexican authorities have recovered 10 bodies as part of an investigation into the January abduction of workers from a mining site operated by Vancouver-based Vizsla Silver (TSXV:VZLA) in the northern state of Sinaloa.

Mexico’s Attorney General’s Office said the bodies were located in the municipality of Concordia, near where the workers were taken in late January.

Five of the victims have so far been formally identified, while forensic teams continue work to establish the identities of the remaining bodies, according to Reuters.

Mexico’s national mining chamber, Camimex, confirmed that three of the deceased were miners: Ignacio Aurelio Salazar, José Ángel Hernández and José Manuel Castañeda Hernández. Castañeda Hernández, a geologist, was identified by his brother.

“In truth, this has been very painful to be here, in a place where we don’t want to be. There is no justice with what is happening,” he told CBC News in an interview.

Vizsla Silver said it is awaiting official verification from Mexican authorities and will provide further updates once more information becomes available.

The company has suspended operations at its Pánuco project since the abductions occurred and said it remains focused on locating any workers who may still be missing and supporting affected families.

“We are devastated by this outcome and the tragic loss of life,” Vizsla President and CEO Michael Konnert said in a statement. “Our deepest condolences are with our colleagues’ families, friends and co-workers, and the entire community of Concordia.”

The abductions took place on January 23, when 10 workers were taken from the mining site near Concordia.

Since then, the Mexican government has stepped up its security presence in Sinaloa, deploying more than 1,000 troops, including marines, over the past weekend as part of efforts to locate missing workers and stabilize the area.

Authorities have also arrested four people in connection with the case, officials said. Upon initial investigation, authorities are now linking the incident to an internal conflict within the Sinaloa Cartel, one of Mexico’s most powerful organized crime groups.

The dispute, which escalated in 2024, pits factions loyal to the sons of imprisoned cartel leader Joaquín “El Chapo” Guzmán against a rival group aligned with the family of Ismael “El Mayo” Zambada.

Mexico’s Security and Civilian Protection Secretary Omar Harfuch has said authorities suspect a cell linked to the faction known as Los Chapitos was behind the kidnapping. Analysts say the attack may have been intended as a show of strength in a strategically important region.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

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Gary Savage, president of the Smart Money Tracker newsletter, breaks down gold and silver’s recent price activity, saying that while the precious metals have reached the parabolic phase of the bull market, it’s typical to see a correction midway through.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

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At Super Bowl LX, companies behind blockbuster GLP-1 medications spent tens of millions of dollars to court a mass audience.

But as brand-name makers and telehealth platforms race to normalize and expand access, regulators on both sides are warning of a parallel surge in counterfeit, compounded, and black-market versions.

A s much as 12 percent of American adults are now using GLP-1 medications, with US patients spending US$40 billion on appetite-suppressing drugs in 2024. That figure is projected to triple by 2030, according to recent data by Grand View Research.

This year’s Super Bowl advertising lineup reflected that demand. Eli Lilly and Company (NYSE:LLY), maker of Zepbound and Mounjaro, ran a pre-game spot. Novo Nordisk (NYSE:NVO), which produces Wegovy and Ozempic, aired its first-ever Super Bowl commercial during the game itself, featuring DJ Khaled, John C. Reilly, and other celebrities.

Telehealth provider Ro enlisted Serena Williams for an in-game campaign, while Hims & Hers returned for a second consecutive year with a provocative message focused on healthcare inequality.

The ads signal that GLP-1 drugs—originally developed to treat type 2 diabetes—have become household names. These medications mimic a hormone that regulates blood sugar, appetite and digestion. Beyond weight loss, they are increasingly studied for potential benefits in heart disease and other conditions.

Regulators warn of a growing ‘black market’

But as demand accelerates, so too has the gray and black market.

In the US, the Food and Drug Administration (FDA) has warned that some patients are turning to unapproved versions of GLP-1 drugs, including semaglutide and tirzepatide, for weight loss.

These versions may be compounded by pharmacies when approved drugs are unavailable, but compounded drugs are not reviewed by the FDA for safety, effectiveness, or quality before being marketed.

The agency has also raised concerns about improper storage during shipping, particularly for injectable versions that require refrigeration. It has also flagged fraudulent compounded products bearing false labels or the names of pharmacies that did not produce them.

The FDA has established an import alert to help block GLP-1 active pharmaceutical ingredients with potential quality concerns from entering the US supply chain, while emphasizing that compounded drugs should only be used when a patient’s medical needs cannot be met by an FDA-approved alternative.

Researchers found that one in seven users were taking drugs not licensed for weight loss, often purchased privately.

The situation is also similar in the UK. More than 6,500 counterfeit or unlicensed weight-loss injections have been seized over the past three years, according to new data from the Medicines and Healthcare products Regulatory Agency (MHRA) as reported by The Independent.

Seizures rose sharply from 407 in 2023 to 5,851 in 2025, with many discovered through inland investigations rather than at the border, suggesting a growing domestic black market.

Andy Morling, deputy director of enforcement at the MHRA, said the agency removed nearly 20 million illegally traded medicines from circulation last year. “Each and every one of those products was potentially dangerous to the public,” he said.

Online providers have warned that demand is outpacing regulated access. Sokratis Papafloratos, founder of Numan, told a London Assembly committee, “ In terms of illicit access, I think we really underestimate the problem and misunderstand it.”

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Mexican authorities have recovered 10 bodies as part of an investigation into the January abduction of workers from a mining site operated by Vancouver-based Vizsla Silver (TSXV:VZLA) in the northern state of Sinaloa.

Mexico’s Attorney General’s Office said the bodies were located in the municipality of Concordia, near where the workers were taken in late January.

Five of the victims have so far been formally identified, while forensic teams continue work to establish the identities of the remaining bodies, according to Reuters.

Mexico’s national mining chamber, Camimex, confirmed that three of the deceased were miners: Ignacio Aurelio Salazar, José Ángel Hernández and José Manuel Castañeda Hernández. Castañeda Hernández, a geologist, was identified by his brother.

“In truth, this has been very painful to be here, in a place where we don’t want to be. There is no justice with what is happening,” he told CBC News in an interview.

Vizsla Silver said it is awaiting official verification from Mexican authorities and will provide further updates once more information becomes available.

The company has suspended operations at its Pánuco project since the abductions occurred and said it remains focused on locating any workers who may still be missing and supporting affected families.

“We are devastated by this outcome and the tragic loss of life,” Vizsla president and CEO Michael Konnert said in a statement. “Our deepest condolences are with our colleagues’ families, friends and co-workers, and the entire community of Concordia.”

The abductions took place on January 23, when 10 workers were taken from the mining site near Concordia.

Since then, the Mexican government has stepped up its security presence in Sinaloa, deploying more than 1,000 troops, including marines, over the past weekend as part of efforts to locate missing workers and stabilize the area.

Authorities have also arrested four people in connection with the case, officials said. Upon initial investigation, authorities are now linking the incident to an internal conflict within the Sinaloa Cartel, one of Mexico’s most powerful organized crime groups.

The dispute, which escalated in 2024, pits factions loyal to the sons of imprisoned cartel leader Joaquín “El Chapo” Guzmán against a rival group aligned with the family of Ismael “El Mayo” Zambada.

Mexico’s Security and Civilian Protection Secretary Omar Harfuch has said authorities suspect a cell linked to the faction known as Los Chapitos was behind the kidnapping. Analysts say the attack may have been intended as a show of strength in a strategically important region.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Here’s a quick recap of the crypto landscape for Monday (February 9) as of 9:00 p.m. UTC.

Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin (BTC) was priced at US$66,970.63, down 2.2 percent over the last 24 hours.

Bitcoin price performance, February 11, 2026.

Bitcoin price performance, February 11, 2026.

Chart via TradingView

Ether (ETH) was priced at US$1,949.36, down by 2.7 percent over the last 24 hours.

Altcoin price update

  • XRP (XRP) was priced at US$1.37, down by 2.4 over 24 hours.
  • Solana (SOL) was trading at US$81.04, down by 3.3 percent over 24 hours.

Today’s crypto news to know

Banks dig in on stablecoin yield as Clarity Act stalls

US banks are hardening their position on stablecoin rules, escalating a policy clash that has left the long-awaited Clarity Act stuck in Congress.

During a White House–hosted meeting led by the administration’s crypto council, banking groups circulated a proposal calling for an outright ban on paying interest or other incentives to stablecoin holders.

The draft language states: “No person may provide any form of financial or non-financial consideration to a stablecoin holder” in connection with holding or using a payment stablecoin.

Banking groups warned that allowing yield on stablecoins could “drive deposit flight that would undercut Main Street lending,” while crypto advocates argued innovation should not be stifled. The dispute centers on whether stablecoin rewards resemble bank deposits, potentially siphoning funds from traditional lenders.

‘As we noted during the meeting, that framework can and must embrace financial innovation without undermining safety and soundness, and without putting the bank deposits that fuel local lending and drive economic activity at risk. We look forward to ongoing discussions to move market structure legislation forward,’ the American Bankers Association (ABA) said in a statement following the meeting.

The standoff has become the main obstacle preventing the Clarity Act from advancing, despite earlier passage of the GENIUS Act, which created a federal framework for dollar-backed stablecoins.

Franklin Templeton, Binance roll out tokenized collateral program

Franklin Templeton and Binance have launched an institutional collateral program that allows tokenized money market fund shares to be used for crypto trading margin.

Issued via Franklin’s blockchain-based Benji platform, the tokenized shares remain in regulated third-party custody while Binance mirrors their value for trading purposes. The structure is designed to reduce counterparty risk by keeping assets off the exchange, addressing a longstanding concern among institutional investors.

Because the collateral consists of yield-bearing money market fund shares, institutions can continue earning interest while deploying capital for crypto trades. T

Currently, participation is limited to qualified institutional clients meeting Binance’s risk and compliance standards.

Goldman Sachs maintains US$1B Bitcoin ETF exposure

Goldman Sachs disclosed in its latest SEC filing that it holds just over US$1 billion in exposure to Bitcoin through exchange-traded funds, even as the asset has fallen sharply from its October peak.

The exposure is split across products including BlackRock’s iShares Bitcoin Trust and Fidelity’s Wise Origin Bitcoin ETF. Bitcoin has dropped roughly 47 percent from its high and is trading near US$67,000, part of a broader US$2 trillion drawdown across the crypto market.

ETF flows have been volatile, with more than US$6 billion exiting spot Bitcoin funds since November, according to industry data.

Despite the slump, Goldman has also expanded into Ethereum, XRP, and Solana ETFs.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

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